Risk & Control Management

Controlling Risk is a Significant Challenge

Today, minimizing and controlling risks while remaining competitive is a significant challenge faced by large organizations. For many, especially those in the financial services industries and even non-bank institutions, compliance with government regulations is not an option, it is a necessity.

The challenges of risk management:

  • Ensuring enterprise transparency
  • Implementing active and preventive risk control
  • Defining control measurements to detect potential risk at an early stage
  • Increasing corporate compliance

Comprehensive risk management is an important method for companies that seek transparency within their organization or are looking to achieve or maintain regulatory compliance.

Four steps to implement active risk and control management:

  1. Identify and document your business processes
  2. Identify risks and bottlenecks within your processes
  3. Implement control measures
  4. Optimize and monitor your processes constantly to reduce risk

Implementing regulations successfully

An integrated Internal Control System (ICS) can additionally support risk assessments and compliance management in accordance with regulations, such as:

  • BASEL international banking regulations
  • Sarbanes-Oxley Act (SOX)
  • Dodd-Frank legislation.

Good risk management solutions not only help you to identify and avoid potential losses, they also help in identifying opportunities leading to better business performance. Take the right path and let Signavio provide the basis to achieve better business results! Sign up for your free 30 day trial of our Signavio solutions or send us an email to info@signavio.com. We’d be happy to answer your questions!

Case study

Ronald König, Head of Internal Revision, Sparda- Bank Berlin eG
Sparda-Bank Berlin eG initiates its business process management initiative by using the Signavio Process Editor. The project aims at providing a MaRisk compliant organization manual based on business processes. All work instructions and business processes are analyzed and optimized based on the documentation in the Signavio Process Editor.